SINGAPORE (Aug 4): CapitaLand posted a 36.6% fall in 2Q16 earnings to $294 million from $464 million a year ago due to lower fair value gains from revaluation of properties, but partially mitigated by improved operating performance.
Operating income decreased 33% to $171.6 million in 2Q16. In 2Q15, there was a one-off fair value gain of $125.9 million arising from the change of use of development projects.
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